Examining the Role of Cyber-Security in Combating Economic Repercussions of Cyber-Crimes: Strategy for India

Abstract

The internet penetration level for India has taken a steep rise in the recent past. Not only metropolitan cities but also towns and villages are witnessing the ease of internet availability. Although cyberspace provides ease and convenience in many aspects, it also brings in certain drawbacks and concerns for the users. These concerns are largely related to the protection of data on the internet. The research article begins with an introduction which summarizes the theme of the research, followed by a review of literature to explore different issues, and gaps in the area of research. The authors have used library-based doctrinal research methodology relying upon secondary data sources to explore, describe, analyze, and discuss the economic repercussions of digital crimes. The research on each section of this article has been done in consonance with the development of policies in India. Our findings conclude that creating a cyber-resilient environment along with a collaborative legal framework to address cybercrimes would help the nations in securing their economy from cybercrimes. India must fast-track the implementation of its National Cyber Security Strategy and work on establishing exclusive courts for resolving cyber security matters.